Mangesh Madhukar Dalvi v. Jm Financial Asset Reconstruction Co. Ltd. and Ors.
Case brief
What is this about?
Interim order of the Bombay High Court in a 2025 writ petition by Mangesh Madhukar Dalvi against JM Financial Asset Reconstruction Co. Ltd. concerning an auction sale of property. Court directed parties to explore settlement; petitioner offered Rs.53,49,700/- (claimed auction price) payable within 15 days; respondent claimed outstanding of about Rs. 87,00,000/-. Sale Certificate withheld till next date (2nd September 2025); affidavit-in-reply within one week; private notice to other respondents permitted. No statutes or precedents discussed.
What did the court decide?
Interim direction that the Sale Certificate shall not be issued till the next date; parties directed to explore settlement with the petitioner to pay Rs.53,49,700/- within 15 days; affidavit-in-reply within one week; matter listed on 2nd September, 2025; private notice to other respondents permitted.